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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

    For the Quarterly Period Ended: March 31, 2001

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

    For the Transaction Period From ____________ to ___________


                        Commission file number 000 30585


                              CREATIVE VISTAS, INC.
        (Exact name of small business issuer as specified in its charter)


            Arizona                                             86-0464104
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                              Identification No.)


           4609 EAST MCDOWELL ROAD, SUITE 100, PHOENIX, ARIZONA 85008
                    (Address of principal executive offices)


                                 (602) 225-0504
                           (Issuer's telephone number)

Check  whether  the  registrant  (1) filed all  reports  required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days.
Yes [X] No [ ]

As of May 11, 2001,  there were 1,000,000  shares of common stock,  no par value
per share, outstanding.

Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]

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<PAGE>
PART I. FINANCIAL INFORMATION.

     Item 1. Financial Statements

        Balance Sheets as of March 31, 2001 (Unaudited) and
        September 30,2000 ..................................................   3

        Statements of Operations for the three months and six months
        ended March 31, 2001 and 2000 ......................................   4

        Statements of Shareholders' Equity .................................   5

        Statements of Cash Flows for the three months ended
        March 31, 2001 and 2000 ............................................   6

        Notes to Financial Statements ......................................   7

     Item 2. Plan of Operation .............................................   9

PART II. OTHER INFORMATION

     Item 1. Legal Proceedings .............................................  10

     Item 2. Changes in Securities and Use of Proceeds .....................  10

     Item 3. Defaults Upon Senior Securities ...............................  10

     Item 4. Submission of Matters to a Vote of Security Holders ...........  10

     Item 5. Other Information .............................................  10

     Item 6. Exhibits and Reports on Form 8-K ..............................  10

SIGNATURES .................................................................  11

                                       2
<PAGE>
                          PART I FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                              CREATIVE VISTAS, INC.

                                 BALANCE SHEETS


                                             March 31, 2001   September 30, 2000
                                             --------------   ------------------
                                               (Unaudited)       (See Note 2)
Assets

Current Assets
 Cash and Cash Equivalents                      $    876           $    962
                                                --------           --------

   Total Assets                                 $    876           $    962
                                                --------           --------

Liabilities and Shareholders' Equity

Current Liabilities
 Accounts Payable                               $      0           $  1,075
 Notes Payable- Related Entities                  12,700              7,700
                                                --------           --------

   Total Liabilities                            $ 12,700           $  8,775
                                                ========           ========

Shareholders' Equity
 Common stock, no par value; 1,000,000
  shares authorized issued and outstanding      $  7,553           $  7,553
 Accumulated deficit                             (19,377)           (15,366)
                                                --------           --------
                                                 (11,824)            (7,813)
                                                --------           --------

   Total Liabilities and Shareholders' Equity   $    876           $    962
                                                ========           ========

                                       3
<PAGE>
                              CREATIVE VISTAS, INC.

                            STATEMENTS OF OPERATIONS
           For the Three and Six Months Ended March 31, 2001 and 2000
                                   (Unaudited)

<TABLE>
<CAPTION>
                                               Three Months Ended             Six Months Ended
                                                    March 31,                     March 31,
                                           --------------------------    --------------------------
                                               2001           2000           2001           2000
                                           -----------    -----------    -----------    -----------
<S>                                        <C>            <C>            <C>            <C>
Revenue                                    $        --    $        --    $        --    $        --

Expenses
  Printing                                          --             --             --             --
  Accounting                                       205          5,000          3,290          5,810
  Fees                                             454             --            644             --
  Miscellaneous                                     16             13             77             83
                                           -----------    -----------    -----------    -----------

    Total Expense                                  675          5,013          4,011          5,893
                                           -----------    -----------    -----------    -----------

Net Loss                                   $      (675)   $    (5,013)   $    (4,011)   $    (5,893)
                                           ===========    ===========    ===========    ===========
Basic Loss per common share                         --             --             --             --

Weighted average number of common
  shares outstanding                         1,000,000      1,000,000      1,000,000      1,000,000
                                           ===========    ===========    ===========    ===========
</TABLE>

                                       4
<PAGE>
                              CREATIVE VISTAS, INC.

                        STATEMENT OF SHAREHOLDERS' EQUITY

<TABLE>
<CAPTION>
                                                     Common Stock         Additional                     Total
                                                ---------------------      paid-in     Accumulated    Shareholders'
                                                  Shares      Amount       capital       Deficit         Equity
                                                ---------   ---------     ---------     ---------      ----------
<S>                                             <C>         <C>          <C>           <C>            <C>
Balance at September 30, 2000 (Audited)         1,000,000   $   7,553     $      --     $ (15,366)     $  (7,813)

Net loss for the six month period ended
March 31, 2001 (Unaudited)                                         --            --        (4,011)        (4,011)
                                                ---------   ---------     ---------     ---------      ---------

Balance at March 31, 2001 (Unaudited)           1,000,000   $   7,553     $      --     $ (19,377)     $ (11,824)
                                                =========   =========     =========     =========      =========
</TABLE>

                                       5
<PAGE>
                              CREATIVE VISTAS, INC.

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                         For the Three Months
                                                            Ended March 31,
                                                         --------------------
                                                           2001         2000
                                                         -------      -------
Cash Flows from Operating Activities:
  Net Loss                                               $  (675)     $(5,013)

Changes in Assets and Liabilities:
  Decrease in accounts payable                            (4,160)          --

Net Cash Used in Operating Activities                     (4,835)      (5,013)
                                                         -------      -------
Cash Flows from Financing Activities:
  Notes from related entities                              5,000        5,300
                                                         -------      -------

       Net cash provided by financing activities           5,000        5,300
                                                         -------      -------
Net increase in cash and cash equivalents                    165          297

Cash and cash equivalents at beginning of period             711          598
                                                         -------      -------

Cash and cash equivalents at end of period               $   876      $   895
                                                         =======      =======
Supplemental Information

Income taxes paid                                        $    --      $    --
Interest paid                                            $    --      $    --

                                       6
<PAGE>
                              CREATIVE VISTAS, INC.

                          NOTES TO FINANCIAL STATEMENTS


NOTE 1 -- History and organization of the Company

     The Company was  incorporated on July 18, 1983, under the laws of the State
of Arizona as Vista  Financial  Services,  Inc.  The Company was a  wholly-owned
subsidiary of Century Pacific Corporation ("Century Pacific").

     In 1993, the Company filed a petition for  reorganization  under Chapter 11
of the  United  States  Bankruptcy  Code (Case No.  B93-05704-PHX-GBN).  Century
Pacific also filed a petition for reorganization  under Chapter 11 of the United
States  Bankruptcy Code. The Bankruptcy  Court confirmed the Company's  modified
plan of reorganization  (the "Plan") on November 27, 1996. Pursuant to the Plan,
the Company's Common Stock previously owned by Century Pacific was exchanged for
two and one-half percent of the post-reorganization Common Stock of the Company.
An additional two and one-half percent of the  post-reorganization  Common Stock
of the Company was distributed  under the Century Pacific plan of reorganization
and the  remaining  ninety-five  percent  was  issued  in  satisfaction  of rent
obligations owing by the Company.

     On March 12, 1997, the Company  changed its name to Creative  Vistas,  Inc.
The Company currently has no operations.

NOTE 2 -- Accounting Policies and Procedures

     The unaudited interim consolidated  financial statements have been prepared
in  accordance  with  generally  accepted  accounting   principles  for  interim
financial  information  and with the  instructions  in Item 310(b) of Regulation
S-B. Accordingly,  they do not include all of the information and notes required
by generally accepted accounting  principles for complete financial  statements.
In the  opinion  of  management,  all  adjustments  (consisting  only of  normal
recurring accruals) considered necessary for a fair presentation have been made.
Operating  results  for the  six-month  period  ended  March  31,  2001  are not
necessarily  indicative  of the results that may be expected for the year ending
September 30, 2001.  The Balance  Sheet at September 30, 2000,  has been derived
from the audited financial  statements at that date, but does not include all of
the  information  and  footnotes  required  by  generally  accepted   accounting
principles for complete financial statements. For further information,  refer to
the Company's Financial  Statements for the fiscal year ended September 30, 2000
included in the Company's Form 10-KSB for such fiscal period.

     Loss per  share is  calculated  by  dividing  income  available  to  common
stockholders by the weighted average number of common shares outstanding.

     No dividends have been paid since inception.

NOTE 3 -- Going Concern

     The  company's  financial  statements  are  prepared  using  the  generally
accepted accounting principles applicable to a going concern, which contemplates
the realization of assets and liquidation of liabilities in the normal course of
business.  However, the Company had no operating activities last quarter and has
no current source of revenue.

                                       7
<PAGE>
     Without  realization  of additional  capital,  it would be unlikely for the
Company to  continue  as a going  concern.  The  Company  currently  has limited
expenses other than legal,  accounting and commissions.  It is management's plan
to seek additional  capital through further equity financings and necessary bank
loans.

NOTE 4 -- Related Party Transactions

     The Company neither owns nor leases any real or personal  property.  Office
services are provided without charge by an affiliate of the Company.  Such costs
are  immaterial  to the  financial  statements  and  accordingly,  have not been
reflected  therein.  The officers  and  directors of the Company are involved in
other  business  activities  and may,  in the future,  become  involved in other
business  opportunities.  If a specific business  opportunity becomes available,
such  persons  may face a conflict  in  selecting  between the Company and their
other  business  interests.  The  Company  has not  formulated  a policy for the
resolution of such conflicts.

                                       8
<PAGE>
ITEM 2. PLAN OF OPERATION

     The  Company  is  a  shell  corporation  and  intends  to  remain  a  shell
corporation until a business opportunity is identified.  As a shell corporation,
the Company's cash requirements will be minimal. The Company does not anticipate
that it will need to raise  capital in the next  twelve  months  (other than for
minimal  operating  expenses).  The  costs  and  expenses  associated  with  the
preparing  and filing of this  Quarterly  Report  have been paid,  and all other
necessary capital prior to locating a business opportunity shall be provided by,
present management with their personal funds or from related parties as loans to
the  Company.  The Company  anticipates  that it will repay these loans upon the
consummation of a business combination.

     The  Company  intends  to  acquire  assets or shares of an entity  actively
engaged in a business  that  generates  revenues in exchange  for the  Company's
securities. The Company has not identified a particular business opportunity and
has not entered into any negotiations regarding any business combination.  As of
the date of this Quarterly Report, none of the Company's officers,  directors or
affiliates  has  engaged  in  any  preliminary  contact  or  discussions  with a
representative  of any other  company  regarding the  possibility  of a business
combination between the Company and such business opportunity.

     The Company does not expect to acquire any plant or significant  equipment,
or to perform any product  research and  development  within the next year.  The
Company has no full time employees.  The Company does not expect any significant
changes in the number of  employees.  The current  officers of the Company  have
agreed to  allocate  a portion of their time to the  activities  of the  Company
without  compensation.  These officers  anticipate devoting whatever time may be
reasonably required to the business affairs of the Company.

     General and administrative  expenses decreased from $5,013 during the three
month period ended March 31, 2000 to $675 for the comparable  period ended March
31, 2001.  The decrease was primarily due to a reduction in accounting  fees for
the period.

                                       9
<PAGE>
                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

     There are no legal  proceedings  against  the  Company  and the  Company is
unaware of any such proceedings contemplated against it.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

     Not applicable.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

     Not applicable.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     Not applicable.

ITEM 5. OTHER INFORMATION

     Not applicable.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     (a) Exhibits

         2.1  Plan of Reorganization                                  **
         2.2  Amended Order Confirming the Plan of Reorganization     **
         3.1  Articles                                                *
         3.2  By-Laws                                                 *

----------

*  previously filed with the Company's Form 10-SB 12G dated May 10, 2000.
** previously filed with the Company's Form 10-KSB dated December 28, 2000.

     (b) Reports on Form 8-K

          There  were no  reports  on Form 8-K filed by the  Company  during the
     quarter.

                                       10
<PAGE>
                                   SIGNATURES

     In accordance  with the  requirements  of the Exchange Act, the  registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                   CREATIVE VISTAS, INC.


Dated: May 8, 2001                 By: /s/ Rudy R. Miller
                                       ----------------------------------
                                       Rudy R. Miller, President

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